Review of Ownership

Late last year the five yearly review process was commenced. The Directors’ Report is now available for inspection at the offices of the Trust and at Unison Networks Limited. Copies are also available at the five libraries in Hastings and Napier.

At five yearly intervals the Trustees are required to initiate a review of ownership of the shares in the company.  The last review was completed in October 2001. 

Each review requires the Trustees to obtain an in-depth report from the Directors of Unison that sets out proposals and available options for future ownership of the shares in the company. The Directors’ report is publicly available for submissions to be made to the Trust.  After taking account of the views expressed and giving opportunity for submitters to speak to their submissions, the Trustees are then required to make a decision at a meeting that will be open to the public. 

Late last year the five yearly review process was commenced. The Directors’ Report is now available for inspection at the offices of the Trust and at Unison Networks Limited. Copies are also available at the five libraries in Hastings and Napier.

For updates on progress and new information regarding the review of ownership or the HBPCT, please return to this "HBPCT Media Releases" page or refer to the other page menus titled “HBPCT Reports and Information” or “HB Power Consumers'''''''' Trust”.

HBPCT 2007 Review of Ownership of the shares in Unison Networks Limited
The Trustees of the Hawke’s Bay Power Consumers’ Trust have received a report prepared by the Directors of Unison Networks Limited, which considers proposals and available options for the future ownership of the shares in that company. 

Copies of that report are now available for inspection during normal business hours at the premises of...

Unison Networks Limited                                 

Corner Omahu and Ormond Roads

Hastings                                                               

Brown Webb Richardson Ltd

Chartered Accountants

111 Avenue Road East                                                                     

Hastings

Additional copies of the report are also available for inspection at the five libraries in the Hastings and Napier Districts. To view an online copy of the report click here.

Interested persons are invited to make written submissions on the Directors’ report to the Trustees. There is no particular form or format required for a written submission. However, the submitter’s name, address and ICP number, if available (from the latest power account), should be clearly shown.

Written submissions will be received until 4.00 pm, 19 April 2007. Submissions should be clearly marked “Ownership Review” and sent to:

The Secretary

Hawke’s Bay Power Consumers’ Trust

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